Spot prices at a glance (May 06, 1996)
Wednesday, May 1, 1996Week’s Price (US)ChangeGold*$391.00-$0.10Silver*$ 5.33+$0.01Platinum*$400.50-$2.75Nickel**$ 3.56-$0.05Lead**$ 0.370.00Copper $ 1.21+$0.01Zinca$ 0.46-$…
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TSE INDICES (May 06, 1996)
1996 Apr. 30 Apr.29 Apr. 26 Apr. 25 Apr. 24HighLowComposite”300″5146.475152.385147.765132.095116.315154.323983.34Metals&Minerals 5493.105542.135526.275476.125461.305552.883273.56Integra…
Queenston, Franco-Nevada acquire Inco ground near Kirkland Lake
A land package exceeding 100 sq. km in area has been assembled by Queenston Mining (TSE) and Franco-Nevada Mining (TSE) in the Kirkland Lake area of northeastern Ontario, and the two companies plan to…
McLellan sells Canada to international investors
Canadian mining companies hold interests in more than 2,700 properties spanning 99 countries around the world. Anne McLellan, minister of Natural Resources Canada, wants to lure those companies back h…
TSE SHORTS (May 06, 1996)
Short positions outstanding at April 15, 1996Larger individual positions included: Barrick Gold 9,513,807; Agnico-Eagle 402,058; Asia Pacific 114,900; Arequipa 148,400; Anvil Range 356,400; Bema Gold …
Drilling progresses at Canabrava diamond play
Exploration for the source of alluvial diamonds is continuing at the Canabrava project in the Coromandel district of Minas Gerais, Brazil.Teck (TSE), which can earn a 60% interest in the project from …
THE DIAMOND PAGE — Jericho project enters new development phase
Partners Lytton Minerals (TSE) and New Indigo Resources (ASE) are proceeding with underground bulk sampling on the land-based JD/OD-1 kimberlite pipe at the Jericho diamond project in the Northwest Te…
PRODUCER PRICES (May 06, 1996)
ALUMINIUM: MW U.S. market US74-75 cents per lb. (April 26, 1996).ANTIMONY: MW New York dealer US$1.80-$1.90 per lb. (April 26, 1996).BISMUTH: MW New York dealer US$3.80-3.95 per lb. (April 26, 1996).C…
Juniors flock to site of recent Band-Ore find
Band-Ore Resources’ (CDN) gold discovery in Thorneloe Twp., west of Timmins, Ont., has junior companies taking notice of the potential for mineralization in pyritic quartz-sericite schist occurrences …
Exploration picks up steam in Ontario’s Red Lake camp
Exploration in the Red Lake district of northwestern Ontario has not been restricted to the area around the two major producing mines east of town.While the western part of the belt is usually quieter…
Leader Mining picks up Knife Lake copper property in N.E. Saskatchewan
Alberta-listed Leader Mining International has taken an option on the Knife Lake copper property in northeastern Saskatchewan from Copperquest (CDN).Leader will spend $1 million on exploration over th…
Golden Star moves into Eritrea
In an agreement with the East African nation of Eritrea, Golden Star Resources (TSE) and its 60%-owned subsidiary, Pan African Resources (CDN), have acquired an exploration licence covering the Galla …